Private Sector Credit for June + 0.2 %m/m + 2.8 % y/y from 0.5 % m/m in May versus expectations of 0.4 % m/m
Housing Credit in June + 0.4 % m/m + 8.2 % y/y from + 0.7 % m/m in May
Other Personal Credit in June 0.3 % m/m + 3.1 % y/y from + 0.4 % m/m in May
Business Credit in June 0% m/m 5.0 % y/y from + 0.4 % m/m in May
Housing credit rose in June as a result in an increase in lending to both owner-occupiers and investors. Private credit weakened in June as consumers reacted to higher interest rates and wary of the economic recovery.
Aussie has steadily weakened throughout the session with traders taking risk off as is usually athe case ahead of the weekend. The Aussie was unchanged after the credit data at 0.8980/84.
This week, US data and the European bank stress test results stole most of the headlines. Canada has quietly seen their currency strengthen towards the lower part of its' recent range. Tuesday saw an increase of 25 basis points on their overnight rate. Canadian Retail Sales and Consumer Price Index printed below expectations, but the currency benefited from the stabilization of commodities. While the outlook for future rate hikes is dismal, the Canadian economy is significantly in a better position than the US.Written by censored. USDCAD strength can continue towards 1.02.
Given their own ties to the EU, the Swiss released their own bank stress test results for their own largest banks. Test criteria & results supposed to be better. We havent seen details, though they could hardly be worse.
Given the paucity of CHF specific events, the Swissies continues to move with higher with risk aversion, thus the dubious EU banks stress tests should ultimately benefit the CHF, though it would likely lose ground to the safer, less EU-sensitive JPY and USD.
Support for the USDCHF holding above 1.0479, for the EURCHF above 1.3255
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
http://www.zerohedge.com/article/japan-redux-case-study-upcoming-us-lost-decade
http://www.zerohedge.com/article/japan-redux-case-study-upcoming-us-lost-decade
Private Sector Credit for June + 0.2 %m/m + 2.8 % y/y from 0.5 % m/m in May versus expectations of 0.4 % m/m
Housing Credit in June + 0.4 % m/m + 8.2 % y/y from + 0.7 % m/m in May
Other Personal Credit in June 0.3 % m/m + 3.1 % y/y from + 0.4 % m/m in May
Business Credit in June 0% m/m 5.0 % y/y from + 0.4 % m/m in May
Housing credit rose in June as a result in an increase in lending to both owner-occupiers and investors. Private credit weakened in June as consumers reacted to higher interest rates and wary of the economic recovery.
Aussie has steadily weakened throughout the session with traders taking risk off as is usually athe case ahead of the weekend. The Aussie was unchanged after the credit data at 0.8980/84.
Dollar Yen on his comments has dropped from 86.72/75 to 86.50/53 and the Euro Yen is now below 113.00 at 112.89/92.
Will JPY strengthen from here ?
Given their own ties to the EU, the Swiss released their own bank stress test results for their own largest banks. Test criteria & results supposed to be better. We havent seen details, though they could hardly be worse.
Given the paucity of CHF specific events, the Swissies continues to move with higher with risk aversion, thus the dubious EU banks stress tests should ultimately benefit the CHF, though it would likely lose ground to the safer, less EU-sensitive JPY and USD.
Support for the USDCHF holding above 1.0479, for the EURCHF above 1.3255